Apollo Micro Systems Ltd has announced the receipt of an order worth ₹10.90 crore from Bharat Dynamics Limited (BDL) for a state-of-the-art Software Defined Universal Homing System designed for Heavy Weight Torpedoes. The company stated that this cutting-edge technology, developed in collaboration with the Defence Research and Development Organisation (DRDO), positions Apollo Micro Systems as …
Shriram Properties Limited has announced the successful early exit of ASK Property Fund from the “Shriram Pristine Estates” project, a plotted development in Doddaballapura, Bangalore, under the SPL-ASK Co-Investment Platform. Shriram Pristine Estates was the inaugural project under this co-investment platform, with partners investing ₹85 crore in December 2022. The platform has a total committed …
On August 28, 2024, Wipro Limited, a major player in technology services and consulting, announced the expansion of its partnership with Dell Technologies. This collaboration will integrate Dell’s AI Factory into Wipro’s Enterprise AI-Ready Platform, aiming to help businesses better manage costs and reduce risks. By combining top-tier technology, this initiative will speed up the …
On August 27, 2024, Aditya Birla Capital Limited (ABCL) announced that it had invested ₹300 crore in Aditya Birla Housing Finance Limited (ABHFL) through a rights issue. Despite this investment, ABCL’s percentage shareholding remains unchanged, and ABHFL remains a wholly-owned subsidiary of ABCL. Since ABHFL is a WOS, it qualifies as a related party to …
Paras Defence and Space Technologies Ltd (PDSTL) is back in the headlines, and for good reason. The company, which became a sensation in the Indian stock market with its initial public offering (IPO) being oversubscribed by an astounding 300 times, has now approved a significant fund-raising plan. This move is set to pave the way …
On August 27, 2024, Shilpa Medicare Ltd announced the USFDA approval of its second New Drug Application (NDA) [505(b)(2)] for Bortezomib Injection. This injectable product, approved for both subcutaneous and intravenous use, is available as a single-dose vial containing 3.5 mg/1.4 mL (2.5 mg/mL) of Bortezomib. Notably, it is the first liquid form of Bortezomib …
At the close of the trading session on August 27, 2024, Nifty 50 was up 0.03% and Sensex was up 0.02% to close at 25,017 and 81,711, respectively. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Financial Services 25/50, Nifty Pharma and Nifty Mid-small Healthcare saw gains. On the other hand, Nifty …
Adani Energy Solutions Ltd (AESL) has solidified its position as India’s largest private transmission and distribution company by acquiring the Khavda Phase IV Part-A transmission project. The acquisition, completed following a letter of intent from REC Power Development and Consultancy Ltd, will further bolster AESL’s role in India’s energy transition. The Khavda IVA Power Transmission …
The Indian automobile industry has historically been a good indicator of the economy’s health, as the automobile sector plays a significant role in both macroeconomic expansion and technological advancement. The Indian passenger car market was valued at US$ 32.70 billion in 2021, and it is likely to reach US$ 54.84 billion by 2027, registering a …
Century Textiles and Industries Limited has announced a significant development in its real estate portfolio through its wholly-owned subsidiary, Birla Estates Pvt Ltd. The company has signed a strategic agreement with the LGCPL group to co-develop a 131-acre land parcel in Sector 150, Noida. This venture, pending necessary clearances from relevant authorities, will be part …
